May 2008 Charity & NFP Law Update

Consultation on proposed Guidelines for Sport and Charitable Registration under the Income Tax Act
Private Foundations and Community Foundations
The Christian Horizons Decision: A Case Comment
Gifts of Environmentally Sensitive Land: What you Need to Know and How to Use Them
Canada Revenue Agency (“CRA”) Outlines Policy on Organizations That Promote Volunteerism
New Position by CRA on the Value of a Donated Life Insurance Policy
Canada Revenue Agency Releases Policy Statement on Umbrella Organizations and Title Holding Organizations
Other CRA News
Tax Court of Canada Disallows Donation Tax Credits and Maintains Penalties
Department of Finance Releases Draft Amendments Regarding Donations of Medicine
The Law Society’s New “Know Your Client” Requirements Approved as Part of Anti-Terrorism Initiative
CRA States Its Position Regarding Who Qualifies As a Student for the purposes of Prescribed Universities Outside of Canada
Carters Congratulates Theresa L.M. Man on the successful completion of her Master of Laws Degree

May 2008 Charity & NFP Law Update